D&L Industries, Inc. expects their net profit to rise by 10% over the medium term. This places the customized food ingredients producer in a spot to hit a market capitalization of $2 billion within the next three to five years. D&L Executive VP and CFO Alvin D. Lao revealed that the company managed to net P576 million in the year’s first quarter.
The company is cautiously optimistic for the year, with the goal to increase bottom line by a tenth. The pace of growth projected is slower than the 12% seen in the previous year and is 27% registered in 2014. According to Mr. Lao: “There seems to be more uncertainty, so for now we’re okay to have that target that is more conservative.”
